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On the internationalization of corporate boards - The case of Nordic firms

Oxelheim, Lars LU ; Gregoric, Aleksandra; Randoy, Trond and Thomsen, Steen (2013) In Journal of International Business Studies 44(3). p.173-194
Abstract
This study investigates the internationalization of corporate boards, using a sample of 346 non-financial listed Nordic firms during 2001–2008. Given a high level of international activity, these firms have surprisingly few foreign directors. The picture of international expertise changes considerably, however, if we also count the international experience of national directors. The percentage of foreign directors is related primarily to financial internationalization rather than foreign sales, and thus presumably to the monitoring rather than advisory functions. The international experience of the nationals covaries with foreign sales, and increases with the share of foreign directors. Thus both sources of international expertise should... (More)
This study investigates the internationalization of corporate boards, using a sample of 346 non-financial listed Nordic firms during 2001–2008. Given a high level of international activity, these firms have surprisingly few foreign directors. The picture of international expertise changes considerably, however, if we also count the international experience of national directors. The percentage of foreign directors is related primarily to financial internationalization rather than foreign sales, and thus presumably to the monitoring rather than advisory functions. The international experience of the nationals covaries with foreign sales, and increases with the share of foreign directors. Thus both sources of international expertise should be considered when analyzing board internationalization. (Less)
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author
organization
publishing date
type
Contribution to journal
publication status
published
subject
keywords
internationalization, international directors, international board experience, board composition, board recruitment, corporate governance
in
Journal of International Business Studies
volume
44
issue
3
pages
173 - 194
publisher
Palgrave Macmillan
external identifiers
  • wos:000317279500001
  • scopus:84877281689
ISSN
0047-2506
DOI
10.1057/jibs.2013.3
language
English
LU publication?
yes
id
7d7fc1d4-c547-47b4-95eb-617ed00c5d04 (old id 3403457)
date added to LUP
2013-01-23 15:28:19
date last changed
2019-08-28 02:52:11
@article{7d7fc1d4-c547-47b4-95eb-617ed00c5d04,
  abstract     = {This study investigates the internationalization of corporate boards, using a sample of 346 non-financial listed Nordic firms during 2001–2008. Given a high level of international activity, these firms have surprisingly few foreign directors. The picture of international expertise changes considerably, however, if we also count the international experience of national directors. The percentage of foreign directors is related primarily to financial internationalization rather than foreign sales, and thus presumably to the monitoring rather than advisory functions. The international experience of the nationals covaries with foreign sales, and increases with the share of foreign directors. Thus both sources of international expertise should be considered when analyzing board internationalization.},
  author       = {Oxelheim, Lars and Gregoric, Aleksandra and Randoy, Trond and Thomsen, Steen},
  issn         = {0047-2506},
  keyword      = {internationalization,international directors,international board experience,board composition,board recruitment,corporate governance},
  language     = {eng},
  number       = {3},
  pages        = {173--194},
  publisher    = {Palgrave Macmillan},
  series       = {Journal of International Business Studies},
  title        = {On the internationalization of corporate boards - The case of Nordic firms},
  url          = {http://dx.doi.org/10.1057/jibs.2013.3},
  volume       = {44},
  year         = {2013},
}